Investment banking world are racing to open branches in Iraq

Expert: Imran for the needs of the country and make the investment banking world are racing to open branches in Iraq

Dated: 7/30/2012 7:25:21 Monday

Baghdad (news) .. Emphasized the economic expert as beautiful, that the global crisis and economic recession, which witnessed some European countries during the last period and the country’s need for construction and reconstruction and investment projects to make the banking world are racing to open branches in Iraq, in order to take its role in funding projects and benefit from the profits generated
, indicating it was moving experience world’s leading banks to the banking sector Matada to the development and promotion. , said Jamil (of the Agency news): Iraq has elements of great economic is mineral-extractive existing in the ground such as oil, gas and phosphate, in addition to the investment environment fertile that are lacking most of the world what prompted investment companies to come for the purpose of investment and international banks to open branches in Baghdad and the provinces. He added that the world today live in a state of saturation for projects and service construction, has become a global economic recession, while Iraq because of war and the siege imposed on it in the nineties of the last century, led to a need desperate for infrastructure projects, service and health projects and processing power, making the eyes of corporations and international banks tend to Iraq out of the global economic crisis. and The Bank of Abu Dhabi Islamic banks Lebanese and Kuwaiti announced in the last period to open branches in Baghdad and the provinces, while there are international banks other Kalurbih Hebdo and U.S. willingness to open the Vram to them in Iraq in the coming period. / End / 8. n. r /
Source: ikhnews